Arras Group

AGM Information • Feb 28, 2025

PRESS RELEASE

EXTRAORDINARY SHAREHOLDERS' MEETING OF ARRAS GROUP

Milan, 28th February 2025 – The Shareholder's Meeting of Arras Group S.p.A. ('Arras Group' or the "Company"), a technology company for the real estate development of second homes mainly in Sardinia, listed on the professional segment of Euronext Growth Milan, meeting today, 28 February 2025, in extraordinary session, in front of the Notary Public Dr. Demetrio Maltese, informs that it hasreceived from the Board of Directors and the minority shareholder two non-binding expressions of interest for entry into the Company from two leading operators in the real estate market.

Those manifestations of interest are subject to the carrying out of an adequate due diligence on the Company, which the same operators have deemed to be able to conclude in approximately thirty days from today's date.

At the same time, ince it is in the interest of the majority shareholder Enrico Arras that the losses resulting from the latest available balance sheet be written off and that the Company have access to new financialresources, the firstshareholder itself has made itself immediately available to make a non-repayable payment to restore the Company's assets to positive levels in the event that the aforementioned expressions of interest do not come to fruition within the aforementioned timeframe.

The extraordinary shareholders' meeting, therefore, resolved to cover the losses by means of a nonrepayable payment by the majority shareholder, subject to the subscription of one or more capital increases to be reserved for third parties.

The shareholders' meeting therefore empowered the board of directors to explore all possibilities, including the two aforementioned expressions of interest, in order to achieve a prompt recapitalisation of the company.

This press release is available for download in the 'Investor/Press Release' section of the website www.arrasgroupspa.com/investor and at .

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ARRAS GROUP

ARRAS GROUP S.P.A.

Largo Domodossola n°07, 20145, Milano (MI) Web www.arrasgroupspa.com | Tel. +39 079 58 28 81 | E-mail amministrazione@arrasgroupspa.com P.IVA 11311540964

Arras Group is a technology company for real estate development of second homes, primarily in Sardinia, listed on the professional segment of Euronext Growth Milan. The company was founded in 2020 on the initiative of Enrico Arras, who has been working in the real estate sector for over 10 years. Structured as an operational holding company, Arras Group ("Arras Group" or the "Group"), develops each initiative with an ad hoc real estate vehicle wholly controlled by the same, keeping under Arras Group S.p.A. all central services such as feasibility studies, planning and marketing with the aim of becoming the point of reference for those who want to purchase an exclusive property, characterised by the highest standards in the sector, also in terms of applied technology and environmental impact.

Contacts: Investor Relator Arras Group S.p.A Largo Domodossola, 7 – 20145 Milano Enrico Arras Investor.relator@arrasgroupspa.com

Media Relations Twister communications group Via Valparaiso, 3 – 20144 Milano Phone: 02 438114200 arras@twistergroup.it